On August 19, 2010, Ontario Teachers’ Pension Plan, through its private investor department, Teachers’ Private Capital, and Avista Capital Partners announced that they have signed an agreement to acquire INC Research, Inc. from an investor group led by Crosspoint Venture Partners and Adams Street Partners.
Jefferies & Company, Inc. acted as financial advisor to INC Research.
The transaction is expected to close in the fourth quarter of 2010, subject to the satisfaction of customary closing conditions and regulatory approvals.
Avista Capital Partners is a firm specializing in private equity investments primarily in growth oriented energy, healthcare and media companies.
INC Research, headquartered in Raleigh, NC, is a privately-held, therapeutically focused global contract research organization with expertise in managing late stage clinical development programs.
Further information is found on the websites of OTPPB and the Wall Street Journal's MarketWatch.